Business · Markets · 1 hr ago

Mainland investors’ net buying of Hong Kong stocks rises in September

Mainland investors’ net buying of Hong Kong stocks rises in September

Mainland Chinese investors bought more Hong Kong stocks than they sold for the fourth month in a row in September.

They invested a net HK$60.8 billion through the Stock Connect programme, up from HK$10.4 billion in August.

Stock Connect allows mainland investors to trade Hong Kong shares.

Technology stocks drew the most buying, especially companies developing artificial intelligence models.

Healthcare shares saw the heaviest selling.

The buying came despite high US Treasury yields and oil prices, which can weigh on markets.

Mainland investors are showing interest in Hong Kong companies that are not available on mainland stock markets.

Net buying for the third quarter reached HK$134.1 billion.

Sources

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